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ShaMaran Petroleum Corp V.SNM

Alternate Symbol(s):  SHASF

ShaMaran Petroleum Corp. is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq (KRI). The Company is engaged in the business of oil and gas exploration and production and holds interests in production sharing contracts. The Company indirectly holds an 18% working interest (22.5% paying interest) in the Sarsang Block in the KRI through its wholly owned subsidiary ShaMaran Sarsang A/S and a 50% working interest (66.67% paying interest) in the Atrush Block in KRI through its wholly owned subsidiary General Exploration Partners, Inc. (GEP). The Company is focused on developing the considerable reserve and production upside potential of its projects.


TSXV:SNM - Post by User

Post by Oregonduckon Mar 12, 2021 11:53am
265 Views
Post# 32785552

Rollback Contemplated?

Rollback Contemplated?Share consolidation or reverse splits??
Financing to follow. This stock is such a laggard. Would have gone bankrupt if the Lundin didn’t throw out a lifeline to rollover its bonds.

The Company has 2 billion shares out. One new share for ten old would bring it down to more manageable 200 million shares or thereabouts.

No shareholders approval required for anything that’s 1 for 10 or less,

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